RISE/E Project Sparks New Hope for Zambia’s SMEs
By Daily
News Reporter
Inside
Standard Chartered Bank Zambia’s Head Office, rows of exhibition stands buzzed
with conversation as entrepreneurs confidently introduced their products to
visitors, potential customers, and business partners.
For many of
the small business owners gathered there, the showcase represented far more
than a marketing opportunity. It marked the culmination of months of training,
mentorship, and determination under a programme designed to help young Zambians
turn business ideas into sustainable enterprises.
More than 30
small and medium enterprises (SMEs) recently showcased their products and
innovations during the latest exhibition held under the Ready for Inclusive
Sustainable Employment and Entrepreneurship (RISE/E) Project — a ZMW14 million
initiative supported by the Standard Chartered Foundation through its Future makers
programme.
The programe
was Launched in June 2024, the three-year programme which seeks to equip young
people, including persons with disabilities, with entrepreneurship and
employability skills at a time when Zambia continues to face significant youth
unemployment challenges.
The latest
showcase celebrated the successful completion of the project’s second cohort,
with participants demonstrating how targeted business support can help entrepreneurs
move from survival-driven ventures toward sustainable growth.
Across
Zambia, thousands of young people are turning to entrepreneurship as formal
employment opportunities remain limited.
Yet while
many possess creativity and ambition, access to financing, mentorship,
technical support, and reliable markets continues to hinder the growth of small
businesses.
For
entrepreneurs from underserved communities — especially women and persons with
disabilities — those barriers are often even greater.
The RISE/E
Project was created to help address those challenges by providing practical
business development training, mentorship, and enterprise support aimed at
building resilient and inclusive businesses.
This year’s
graduating cohort reflected that inclusive approach. Of the more than 30
entrepreneurs who completed the programme, 21 businesses were led by women,
while 16 were run by persons with disabilities.
For many
participants, the programme provided not only technical business knowledge, but
also confidence and exposure that are critical for long-term success.
Unlike
traditional entrepreneurship programmes that focus solely on classroom
instruction, the RISE/E initiative combines practical enterprise development
with networking opportunities and mentorship support.
Participants
were guided through structured training designed to help them strengthen
business management skills, improve product development, and better understand
market opportunities.
The
exhibition event itself served as a practical platform where entrepreneurs
could directly engage with customers, corporate stakeholders, and potential
investors.
From locally
produced goods to innovative small-scale services, the showcase highlighted the
growing creativity emerging within Zambia’s SME sector.
For
organisers, the event demonstrated how investment in entrepreneurship can
create ripple effects extending beyond individual businesses into communities
and local economies.
Speaking
during the showcase, Standard Chartered Bank Zambia Head of Corporate Affairs,
Brand and Marketing Christine Matambo said the programme reflects the bank’s
broader commitment to inclusive economic growth.
“We are
delighted to see the RISE/E Project create opportunities for Zambian
entrepreneurs from all walks of life,” she said. “This programme exemplifies
our commitment to inclusion and sustainable development, and it’s inspiring to
witness the progress and success of every participant.”
Her remarks
come amid growing calls for the private sector to play a stronger role in
supporting inclusive economic participation, particularly among groups that
often struggle to access mainstream financial and business opportunities.
Development
experts say empowering women, youth, and persons with disabilities through
entrepreneurship is increasingly becoming central to sustainable economic
growth across Africa.
In Zambia, where
SMEs contribute significantly to employment creation, supporting small
businesses is seen as critical to reducing poverty and expanding economic
opportunities. Challenges Zambia Project Manager Kasonde Kashulwe said the
programme’s second cohort has already shown encouraging signs of growth and
resilience.
“This cohort
saw the graduation of more than 30 entrepreneurs, including strong
representation of 21 female-led businesses and 16 businesses led by persons
with disabilities,” Kashulwe said. “It’s encouraging to see participants taking
bold steps in their entrepreneurial journey, culminating in this showcase.”
Beyond
individual success stories, initiatives such as RISE/E are also expected to
contribute to broader economic development by helping SMEs expand operations
and create jobs for others.
As small businesses
grow, they often become important sources of income and employment within their
communities, particularly in urban and peri-urban areas where economic
opportunities remain limited.
The RISE/E
Project, implemented in partnership with Sightsavers and Challenges Zambia,
aims to reach at least 270 young people, including 90 young entrepreneurs,
during its implementation period.
Through the
Standard Chartered Foundation, the programme forms part of wider efforts to
tackle barriers to employment and entrepreneurship facing underserved groups.
For many of the entrepreneurs exhibiting their businesses at the showcase, the programme has offered a rare opportunity to access tools and support systems often unavailable to small enterprises.
And as
visitors moved from stand to stand admiring products and exchanging contacts,
one thing became increasingly clear: Zambia’s entrepreneurial potential is
abundant — but with the right support, it can become transformational.

















